Orlando Real Estate Stimulus Package?
If you are thinking about buying a home in Orlando, right now is a great time to do it. Recently President Obama signed into law the Economic Stimulus Package that is great for first time home buyers and combined with low interest rates we are getting a lot of home buyers seeking to find the home of their dreams at prices they never thought they would see again.
How do you know if you qualify for the benefits of the stimulus package? Here are some of the guidelines:
1) You must be a first time home buyer (not owned a home in the last 3 years)
2) Allow you to claim $8,000.00 credit of 10% of the homes purchase price (whichever is less) on your 2008 or 2009 taxes.
3) You must purchase a home between Jan 1, 2009 and Nov. 30, 2009.
4) You must live in the home for at least three years.
If you would like more information on the stimulus package or would like more information about buying a home in Orlando call Karen Faulkner at 407-619-6170